Wall Street shaky ahead of Trump’s Liberation Day, ASX set to edge up

Companies are saying that they are already trying effects from Trump’s commercial war, also with the main event potentially arriving on Wednesday, when the president will announce a large set of rates.

“Customers are placing orders due to anxiety for rates and continuous prices,” said a company for computer and electronic products to the Institute for Supply Management in its monthly producers survey.

“Starting to see the slower sales than normal in Canada and the worries of the Canadians who boycott US products could become a reality,” said a producer in the food sector, drinks and tobacco in the Ism survey.

The economy is still growing, to be sure, and the labor market has remained relatively solid even with the slightly weaker work openings than expected.

But one of the fears that affects the market is that even if Trump announces less punishable rates than the feared, the parking launch of his commercial strategy can in itself make US families and businesses freeze their expenses, which would damage the economy. Trump has partly pushed the rates to report jobs in the United States from other countries.

All the nervousness in the market has contributed to push the price of the gold to the registers and briefly passed $ US3175 to Honcia before lowering slightly. It has increased from less than $ US2700 to the beginning of the year.

At Wall Street, Johnson and Johnson dropped by 6.2 percent after a judge of the United States bankruptcy court denied the company’s settlement plan relating to the child containing Talco. It is the third time that the company’s attempt to resolve the settlement of dust for children through bankruptcy was rejected by the courts.

Loading

The actions of the airlines have continued their descent on the concerns that customers feel nervous for the economy and global trade will not fly much. Delta Air Lines lost 4.1 percent and United Airlines renounced 3.5 percent.

In equity markets abroad, the indexes have increased most of Europe and Asia to recover some of their strong drops from the day before.

In Europe, the German Dax returned by 1.7 percent and the French CAC 40 has increased by 1.1 percent after the president of the European Commission Ursula von der Leyen said that the largest commercial block in the world will not curl up in the face of US commercial needs.

“Europe holds many cards, from trade to technology to the size of our market. But this force is also built on our readiness to adopt counterattack measures if necessary,” said Von der Leyen. “All the tools are on the table.”

In Japan, the Nikkei 225 was stable while Prime Minister Shigeru Ishiba said he implores Trump that he doesn’t impose higher car rates than Japan, a United States ally for a long time. A survey of the Central Bank found a worsening of the company sentiment among the great producers.

In the bond market, the 10 -year treasure performance dropped to 4.17 percent from 4.23 percent on Monday and from about 4.80 percent in January. This is a significant move for the bond market and the returns have fallen with concerns about a potentially slowdown of the US economy.

Ap